Sempra Energy (SRE) Tops Q1 EPS by 24c; Affirms FY21 EPS Outlook

Sempra Energy (NYSE: SRE) reported Q1 EPS of $2.95, $0.24 better than the analyst estimate of $2.71. Revenue for the quarter came in at $3.26 billion versus the consensus estimate of $3.25 billion.

"Over the last several years, we have narrowed our market focus, expanded investment in our utilities and worked hard to improve safety and operating results," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Taken together, these activities also support our financial commitments and, in part, are reflected in the strength of our first quarter results. The company is well positioned to deliver another strong year of financial performance."

GUIDANCE:

Sempra Energy sees FY2021 EPS of $7.50-$8.10, versus the consensus of $8.07.

• Sempra Energy is updating its full-year 2021 GAAP EPS guidance range to $7.42 to $8.02 and affirming its full-year 2021 adjusted EPS guidance range of $7.50 to $8.10.

For earnings history and earnings-related data on Sempra Energy (SRE) click here.

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